Product & Sales Allocations
The ProStream PA / FA / LAND solution provides a monthly process status at a glance, for any accountant or team-lead, allowing you to manage all sub-processes and reports from a single screen.

Revenue, Royalty, Tax & Accounting
The ProStream PA / FA / LAND solution takes you through six menu-driven steps to complete the monthly production accounting process.

2. ProStream FA (Financial Accounting):

Imagine a financial system designed specifically for the industry that is so versatile that it is used by all oil & gas industry disciplines, often with virtually no accounting training!

Business transactions are consummated every day, resulting in financial and joint-interest accounting implications that must be classified and recorded as a key element of the internal control scheme of any business.

No Downtime. There’s essentially no downtime for users in any department, even during the accounting month-end process. Have you ever tried to estimate the cost of users being unable to use the system for a couple of days each month?

Instant Updates. Notice of assignment and global interest updates are performed by system processes in minutes. What is it worth to your reputation to keep contracts, rights, property, inventory, and other asset ownership records up-to-date, effortlessly?

Easy Handling of Unexpected Adjustments.Retroactive adjustment of partner shares on any project, for any period, can be processed in minutes, including the accounting entries and joint-interest billing adjustments. How often have you been caught by the timing of an unexpected change in participation, after closing several month-ends?

End-Period Versatility. Every month and quarter-end has the same multi-close versatility that you expect at year-end. A very helpful feature when you want to distribute joint-interest billings, while waiting for accounting adjustments before the final close.

Local Flexibility. The solution is configurable to handle regional sales, value added taxes (VAT), and other local taxes at the transaction level, and prepare the remittance to local authorities. ProStream PA / FA / LAND can also maintain any number of currencies in parallel with the functional currency.
Local transactions are handled in the local currency, and official financial reporting is delivered in the functional currency.